Panama is one of the most prosperous economies in the region and has a strategic location that allows it to be a bridge of communication between Europe, Asia, North and South America. This attracts foreign individuals and companies that seek opportunities in the country and therefore require legal advice from a immigration lawyer in Panama.
We offer our extensive experience in immigration matters, advising both multinational companies and foreign clients as well as the executives and their families on relocation matters, applications for temporary and permanent residence, and their respective work permits. At the same time, we provide guidance and advice to investors and retirees throughout the process of legalization of their immigration status.
Panama offers several advantages for foreign investors who wish to open a company headquarters in the country. Some companies require relocating their executives and their families to Panama by acquiring a temporary or permanent residency and the corresponding work permits that allow them to work within the national territory.
Relocation of executives and their families involves obtaining temporary or permanent residency from the National Immigration Service. Temporary residency may lead to permanent residency upon proof of continuous residence in the country and compliance with various obligations.
In Panama, different types of visas permit residing and working in the country for a specific or indefinite period. Some of the most requested visas for executives are:
A work permit issued by the Panamanian Ministry of Labor is crucial for foreign employees. These permits may vary depending on the nature of the visa category, the work contract, and the requirements of each profession and industry.
Certain professions do not require a work permit. Therefore, we invite you to contact us so that we can provide you with the necessary assistance in obtaining this work requirement.
If you are planning to invest in Panama, there is a process to legalize your immigration status. There are several types of visas under this category, among which stand out:
To apply, choose an investment option, and the documentation will vary depending on the type of visa selected.
Panama’s attractiveness as a retirement destination is undeniable. It offers a relaxed lifestyle, a favorable climate, and a low cost of living compared to other countries. The visa program for retirees and pensioners is an attractive option, providing benefits such as tax exemptions and discounts.
Foreigners who receive a lifelong pension or annuity from a foreign government, international organization, or private company and enter the national territory to settle in it may apply for a Pensioner Visa. The monthly income of pension or annuity may be at least One Thousand balboas (B/.1,000.00) unless the applicant has acquired personal property in the national territory for a sum greater than One Hundred Thousand Balboas (B/.100,000.00). In this case, the pension may be a minimum of Seven Hundred Fifty (B/.750.00).
Due to several options available to obtain a visa as a temporary or permanent resident within the Panamanian territory, you must have professional legal assistance to make your process much more manageable.
We, as immigration lawyer in Panama, can provide you with personalized advice and guidance to help you choose the best option for your company’s executives and you and your family.
Our team is here to serve you with integrity and professionalism on a continuous and permanent basis.